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In a similiar move, the National Association of Burglars announced today that use of alarm systems is un-American.
In a free market, don't consumers make alternate purchasing decisions when businesses charge more than the market will bear?
Many large US corporations pay little or no tax while they enjoy windfall profits and pay dividends and bonuses.
This practice is legal because they bribe... I mean...lobby Congress and sponsor Astroturfed organzations like NABE that help convince people like you that corporate tax avoidance is OK.
It's not.
If we simply closed the loopholes and cut off the corporate welfare - which a real conservative would support, IMO - this issue would be redressed.
How can you justify balancing the budget on the backs of the citizens when corporate citizens enjoy the benefits of freedom but evade paying the cost?
Dude, I'm not saying wether I agree or disagree with their proposal but come one....like I said....tell me once when business economist have ever been for a tax hike? Just once!
We need both tax increases and budget cuts, but the cuts are the more important of the two. In the long run, we need tax reform, eliminating the loopholes and making increases where they will do the least harm, such as on high personal income levels rather than on capital gains and corporate income.
motts completely full of shit, he can't recall anything previoulsy they've said. He's just whipping out his lefty talking points as usual.
I disagree with a portion of the above. If you have a person who makes $500,000 in earned income and has no cap gains/divs and another who makes $15,000,000 in long term capital gains with no earned income... who should be taxed at the higher rate?
While it sucks for the guy making $500k, I say that this is where you have to draw the line. For one thing, the guy is shooting himself in the foot by NOT taking advantage of the market. If he's smart enough to draw that kind of salary, he's smart enough to invest some of it. The whole concept of productive wealth is largely centered around what you derive from capital gains.
The other guy was either born rich, or retired from his career to sit on the market. Nothing we can do about either. One day, for example, our own Toppy will retire from his day job of speculation (I believe it is) and just live off of his capital gains (unless someone fucks this up for him).
bottom line is that ALL income should be taxed at the SAME rate. Unless you can explain to me why someone should get a break simply because of the TYPE of income?